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Showing 11 - 20 of 23 results for "Age Pension costs"

Rising age pension costs unfair on young people: CIS

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
... budgets and, by extension, future taxpayers who will, by necessity, be younger people. These increases in the age pension costs are over and above the impact of longevity, notes the report. "Each successive generation is asking more of the next generation ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... submission's assertion that changes to the retirement income system cannot be undertaken without consideration of age pension costs, aged care costs and all sources of potential funding, including retirees' housing wealth. "The Institute strongly supports ...

Shadow Treasurer will go to election over super

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
... will grow to 44% over the next 30 years," Bowen said. "The rate of growth dwarfs the increase in the scale of age pension costs. Joe Hockey's own budget papers show the cost of the concession doubling over just the next four years to more than $30 billion. ...

Demography must drive reform

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  FRIDAY, 27 FEB 2015
... has begun to reduce age pension outlays by $5.7 billion in 2013-14 according to NATSEM, it can further reduce age pension costs with the right settings between the super and pension systems. If super is our signature policy for managing demography by ...

Tightening of super tax concessions far from guaranteed

MARK SMITH  |  WEDNESDAY, 25 FEB 2015
... because there is large area of expenditure does not mean the government is going to do something about it. The age pension costs about $20 billion per year. No-one would say that repealing it would give that saving. Those people might go onto other social ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... submission to the Financial System Inquiry (FSI). It noted that "government projections show that the means tested Age Pension costs over the next 50 years is not in itself a problem (2.7% to 3.7% GDP). However, when combined with aged care and health ...

SPAA applauds tax changes to excess contributions

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... executive John Brogden said, adding: "Superannuation is already doing its job saving the government $5.7 billion in Age Pension costs this year." Read Financial Standard's coverage of the budget here

Govt overhauls aged care

ELISE BURGESS  |  FRIDAY, 20 APR 2012
... - particularly in years ahead with fewer taxpayers, more people needing aged care, and increased health and age pension costs as the population ages," said Martin Laverty, Catholic Health Australia.

Retirement funding needs aged care inclusion

MELANIE TIMBRELL  |  THURSDAY, 12 APR 2012
... - particularly in years ahead with fewer taxpayers, more people needing aged care, and increased health and age pension costs as the population ages," said Martin Laverty, Catholic Health Australia. "We therefore need a new aged care financing compact. ...

Age Pension must be factored into retirement income

RACHEL DAVIS  |  TUESDAY, 8 NOV 2011
... years time, this is forecast to still be 6.9% of GDP. Because of the demographic shift to an older population, age pension costs will increase, but there are expected lower costs for other welfare measures such as unemployment benefits, family tax payments ...

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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